The Westwood home at 2372 Overland Ave LA CA 90064 received a price reduction this week of 3.2% or $24,000, down to $725,000. The property has been on the market just 32 days and this is the second price reduction of the current listing term. According to the MLS, the home is a 3 bedroom / 2 bath, 1,508 sq ft of living space on a 6,838 sq ft lot.

The Westwood Hills home at 11247 Homedale St, LA CA 90049 received a price reduction this week of 5.41% or $74,000, down to $1,295,000. This is the 1st price reduction of the current listing term that has lasted 101 days. The home has modest updating throughout and is very clean and liveable. According to the MLS, the home is a 3 bedroom / 2.5 bath, 1,979 sq ft of living space on a 6,390 sq ft lot.

The Little Holmby fixer at 642 Thayer Ave., LA CA 90024 received a price reduction this week of 6.91% or $115,000, down to $1,550,000. This is the 3rd price reduction of the listing term that started 175 days ago on 9/30/09 for $1,995,000. According to the MLS, the home is a 4 bedroom / 4 bath, 3,485 sq ft of living space on a 7,927 sq ft lot. This Spanish home was built in 1928 and basically hasn't been updated since it was built. Which would probley classify this house as a major fixer or even a teardown to some.

The Westwood Little Holmby home at 1035 Westholme Ave., LA CA 90024 received a price reduction this week of 8.2% or $200,000, down to $2,295,000. The home was listed 50 days ago on 2/2/10 for $2,495,000 and this is the first price reduction of the current listing. This new asking price is about the price the owner paid back in 2005 ($2,272,000)

According to the MLS, the home is a 5 bedroom / 4.5 bath, 4,037 sq ft home on a 6,882 sq ft lot.

The home at 2241 Overland Ave., LA CA 90064 received a price reduction this week of 5.96% or $50,000, down to $789,000. This is the first price reduction of the listing term, which started 22 days ago for $839,000. According to the MLS, the home is a 3 bedroom / 1.5 bath, 1,655 sq ft of living space on a 6,075 sq ft lot.

After closing August of 2009 for $800,000, well known Westwood builder Mark Stanley took this outdated and drab Country English home and transformed it into a fully remodeled & charming home that created multiples offers in January 2010. Mark is known in the area to take these old rehab homes and turn them into multiple offer machines, even in a down market. The 2010 version of 2038 Camden Ave LA CA 90025 was listed for $1,425,000 on Jan 20th, 2010 and closed $75k more than the asking price on 3/16/10 for $1,500,000. According to the MLS, the 2010 version of the home is 3 bedrooms / 3.5 baths, 2,365 sq ft of living space on a 6,740 sq ft lot. Fyi, the 2009 version (built in 1931) of 2038 Camden was a 2+1 with 1,190 sq ft of living space.

This Westwood Little Holmby property at 10541 Strathmore Dr, LA CA 90024lasted a long 337 days on the market before accepting on offer on 2/1/10. The home was originally listed 2/12/09 for $2,495,000 and received 2 big price reductions during the current listing term. This home was also for sale in 2008 for 211 days, starting as high as $2,795,000. 10541 Strathmore closed on 3/19/10 for $1,900,000. As I said before, one of the challenges of this property has been the multi-level choppy floorplan. But it was move-in condition and I believe someone got some value at $1.9 in Little Holmby. According to public records the home is a 5 bed / 4 bath, 2,919 sq ft home on a 7,056 sq ft lot.

The Westwood home at 1521 Club View Dr LA CA 90024 received its first large price reduction of 10.02% or $300,000, down to $2,695,000. The home came on the market 56 days ago for $2,995,000 and this is the first price reduction of the current listing term. The home was significantly remodeled since its purchase in 2007 for $2,382,000. Imported materials, updated systems, new gourmet kitchen, updated baths, etc... According to the MLS, the home is a 4 bedroom / 4.5 baths, 3,386 sq ft of living space on a 8,015 sq ft lot.

The home at 2026 Overland Ave., LA CA 90025 received a price reduction of 5.8% or $44,000, down to $715,000. The home came onto the market 43 days ago for $759,000 and this is the first price reduction of the current listing term. It was previously listed on 5/15/09 for $799k and lasted 262 days on the market with one $10k price reduction. Additionally, the home was previously sold on 10/19/05 for $815,000. According to the MLS, the home is a 2 bedroom / 1 bath, 968 sq ft of living space on a 5,400 sq ft lot.

The Westwood home at 1906 Veteran Avenue, LA CA 90025 received a price reduction of 10.05% or $100,000 down to $895,000 this week. This is the 2nd price reduction during the listing term, which started 48 days ago. According to the MLS, the home is a 4 bedroom / 2 bath, on a 6,750 sq ft lot.

This Cheviot Hills newer construction home at 10488 Dunleer Dr, LA CA 90064 took another price reduction this week of 5% or $100,000, down to $1,899,000. Listed 175 days ago on 9/24/09, this is the 3rd price reduction by the seller.

According to the MLS, the home is a 5 bedroom / 4.5 bath, 4,686 sq ft of living space on a 7,720 sq ft lot.